American Thinker Blog: It’s harder to get a job at Walmart than it is to be admitted to an Ivy League school.
Harvard College accepted just 6.9 percent of applicants for the class of 2015, its lowest rate ever. The numbers were not much better elsewhere in the Ivies: 8.2 percent at Princeton, 11.5 percent at Dartmouth.
In other words, there were nearly 15 applicants for every freshman freshperson class opening at Harvard, slightly over 12 for each spot at Princeton and just under 9 at Dartmouth.
In contrast, a new Walmart in Cleveland recently received 6000 applicants for 300 positions, and, not long ago, two Walmart stores in the Chicago area received 25,000 and 15,000 applications. The Cleveland store hired one in twenty applicants. The Chicago hiring rates were far more modest.
Glencore Prospectus Confirms IPO Will Create Six New Billionaires
By CHRISTOPHER HELMAN
The 1,600-page Glencore prospectus has finally been released (though it wasn’t easy to track down). The figures confirm what was rumored this morning–that some colossal wealth is being unleashed in this IPO.
After the float the company will be valued at roughly $60 billion, from whence we derive these seven new mega-fortunes.
1. CEO Ivan Glasenberg will have 1.09 billion shares, or 15.8% of the company, for a net worth of $9.5 billion. Glasenberg would tie for 93rd wealthiest person on Forbes list of Global Billionaires, alongside Russia’s fertilizer king Dimitry Rybolovlev and just after another Russian, German Khan. Glasenberg’s salary this year is 925,000 pounds sterling.
2. Daniel Francisco Mate Badenes: $3.6 billion (416.4 million shares, or 6%).
3. Aristotelis Mistakidis: $3.6 billion (411.8 million shares, or 6%).
4. Tor Peterson: $3.2 billion (366.3 million shares, or 5.3%).
5. Alex Beard: $2.76 billion (320.5 million shares, or 4.6%).
6. Steven Kalmin: $600 million (70.7 million shares, or 1%).
7. And then there’s the mysterious “selling shareholder” who is parting with 238.8 million shares in the IPO (or 4%), worth $2.4 billion. My suspicion is that this is former CEO and departing Chairman Willy Strotthote.
Ivan Glasenberg, aged 54 (Chief Executive Officer)
Ivan Glasenberg joined Glencore in April 1984 and has been Chief Executive Officer of Glencore since January 2002. Mr Glasenberg was appointed to the Board on 14 March 2011. Mr Glasenberg first worked in the coal/coke commodity department in South Africa for three years as a marketer, responsible for sourcing coal in South Africa and then in Australia for two years as head of the coal/coke commodity division, Asia, responsible for sourcing and marketing coal in regions including Australia, Asia and South Africa. Between 1988 and 1989, he was based in Hong Kong as manager and head of Glencore’s Hong Kong and Beijing offices, as well as head of coal marketing in Asia, where his responsibilities included overseeing the Asian coal marketing business of Glencore and managing the administrative functions of the Hong Kong and Beijing offices. In January 1990, he became director of the coal/coke commodity department, responsible for the worldwide coal business of Glencore for both marketing and industrial assets, and remained in this role until he became Chief Executive Officer in January 2002. Mr Glasenberg is a Chartered Accountant of South Africa and holds a Bachelor of Accountancy from the University of Witwatersrand. Mr Glasenberg also graduated in 1983 from the University of Southern California with an M.B.A. degree. He is currently a director of Minara as well as Xstrata and UC Rusal. Before joining Glencore, he worked for five years at Levitt Kirson Chartered Accountants in South Africa.
Former Attorney General John Ashcroft has signed up as an “independent director” for Xe Services, the infamous private security company that used to be known as Blackwater.
Spencer Ackerman reports:
Ashcroft will head Xe’s new “subcommittee on governance,” its backers announced early Wednesday in a statement, an entity designed to “maximize governance, compliance and accountability” and “promote the highest degrees of ethics and professionalism within the private security industry.”
In other words, no more shooting civilians in Iraq and Afghanistan; no more signing for weapons its guards aren’t authorized to carry in warzones; no more impersonations of cartoon characters to acquire said weaponry; and no more ‘roids and coke on the job.
“This is a company with a strong history of service to its country, and a reputation of best-in-class offerings to its public and private customers,” Ashcroft said in a statement. “I look forward to helping [U.S. Training Center, aka Blackwater] enhance its governance and oversight capabilities as the company moves forward.”
Tyler and Cameron Winklevoss are not giving up. The brothers, who claim that they, not Mark Zuckerberg, came up with the idea for Facebook, are asking a federal appeals court in San Francisco to rehear their request that a 2008 settlement between them and Facebook be nullified so that they can pursue their original case against the company.
Mr. Falk also said: “This appeal is not about whether our clients would be better off keeping the settlement proceeds (which admittedly are substantial) rather than proceeding with their lawsuit against Facebook. That is up to them to decide; it is not a question for the courts.”
The settlement, initially valued at $65 million, is now worth approximately $200 million.
Even before it was revealed that Candies Foundation paid Bristol Palin $262,500 to be its abstinence ambassador, her campaign against teen pregnancy was a farce. The Candies Foundation exists, in the words of its 990 form, “To educate America’s youth about the devastating consequences of teen pregnancy through celebrity PSA campaigns and initiatives.” Palin, a young woman whose unplanned pregnancy has rocketed her to reality star fame, could scarcely be a worse spokesperson. Everything about her and her celebrity telegraphs the message, already distressingly prevalent in this country, that pregnancy offers a way to trade boring high school anonymity for attention and adoration.
Craig Venter, человек, о котором несколько лет назад говорили, что ему под силу нарушить небесную монополию на создание организмов, дал интервью, в котором рассказал почему священная корова биофармакологов и генетиков всего мира — расшифровка человеческого генома — оказалась скорее коровьим навозом.
“Уж лучше заниматься судоку” — такой была его неформальная резолюция.
Фраза, вынесенная в заголовок, значит приблизительно следующее “Будущее принадлежит тем, кто не боится грязных рук от работы”. Ее современное авторство приписывают Саше Коньечко из группы KMFDM. И, поскольку название ресурса способствует, расскажу вам о фильме “Грязь“.
Кратко: это фильм о той грязи, которая на суше есть везде, где есть жизнь. Фильм о почве. О том, чем она есть на самом деле. Фильм говорит, что появление человечества изменило для почвы все – с того момента судьбы человеческого рода и почвы оказались взаимосвязанными. Этот фильм – призыв обратить внимание.
Медали на XXI зимних Олимпийских играх изготовлены из драгоценных металлов, полученных при переработке старых компьютерных компонентов на заводах компании
Денний ефір. “5 Телеканал”. Телепередача “Зверни увагу з Тетяною Рамус“.
Цитата із анонсу вмісту телепрограми:
“Телеглядачі задають різні питання – від ‘як найкраще використати сон?’ до ‘що робити з рейдерами?'”
Я так і уявляю якогось фіндиректора або corporate CEO, який відклавши вбік “Forbes” та “Finantial Times”, з нетерпінням дочікується
розгляду кейсу “подолання проблем пов’язаних з можливістю/наявністю рейдерської атаки на підприємство” у телепередачі для домогосподарок.
Криза б’є по всьому, не шкодує і мізки керівників телеефіру.